Solve the Problem. -Determine the Probability That in a Class of 12 Students

question 69

Multiple Choice

Solve the problem.
-Determine the probability that in a class of 12 students, at least two students have the same birthday. Assume that birth rates are constant throughout the year.
(Hint: First determine the probability that no two students have the same birthday and then apply
The complementation rule.)

• A)0.247
• B)0.207
• C)0.833
• D)0.167

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Definitions:

Debt-equity Ratio

The indicator showing the proportionality of equity and debt in the financial backing of a company’s assets.

Market Price

The current bid price at which an asset or service can be transacted.

Par Value

Par value is the nominal or face value of a bond, share of stock, or coupon as indicated on a bond or stock certificate.

Cost of Equity

The return that investors expect for investing in a company's equity, often calculated by the Capital Asset Pricing Model (CAPM).